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Cypher Metaverse Inc. (BKLLF) is focused on early-stage investments in emerging technology sectors such as blockchain, fintech, and the metaverse. The company seeks opportunities, applies relationships and capital to advance its interests, and is headquartered in Vancouver, BC.
Recently, Cypher Metaverse Inc. announced a definitive agreement for a business combination with Agapi Luxury Brands Inc., aiming to list the combined entity on the CSE Venture Exchange as an industrial issuer. The transaction involves a share exchange, where Agapi will become a wholly-owned subsidiary of Cypher Metaverse Inc.
In connection with the transaction, Cypher Metaverse Inc. is completing a private placement financing of Agapi Common Shares, expecting minimum gross proceeds of $750,000. The company also plans to file an information circular on SEDAR, provide a trading halt for CODE Common Shares, and meet the required closing conditions.
Codebase Ventures Inc. (CSE:CODE)(OTCQB:BKLLF) has appointed Mr. Manan Mehta, a blockchain engineer and entrepreneur, as its Senior Technology Advisor. His impressive background includes co-founding Pattern, a labor marketplace, and roles at Stripe and Fansunite. Mehta's expertise will aid in advancing Codebase's technology assets and identifying investment opportunities, especially in the metaverse. The company seeks early-stage investments in emerging technology sectors like blockchain and fintech.
Codebase Ventures Inc. announced the issuance of 12,275,000 stock options under its incentive plan to management, employees, and consultants. Each option allows the purchase of one common share at $0.12 for up to five years. This initiative aims to align the interests of key stakeholders with company performance. Codebase focuses on early-stage investments and seeks to support innovators in establishing new market standards.
Codebase Ventures Inc. (OTCQB: BKLLF) announced an update on its investment in Arcology, which completed a large-scale test using Amazon Web Services. The test utilized multiple AWS datacenters, clusters, and numerous servers to verify the capabilities of its updated design. Results showed Arcology achieved its internal goals, establishing technical advantages over Ethereum scaling solutions, especially in transaction processing speed. Codebase holds a 30% interest in Arcology, positioning itself in the burgeoning blockchain technology sector.
Codebase Ventures Inc. (OTCQB:BKLLF) has received a progress report from Arcology, highlighting significant advancements in Ethereum Layer 2 (L2) solutions. The company reports that 30% of Arcology's code has been rewritten to enhance scalability and composability, allowing developers to deploy applications seamlessly without code changes. This updated version aims to lower entry barriers for Ethereum developers as mainnet launch approaches. Test results from large-scale testing on AWS will be released soon, indicating a promising future for Arcology's integration in blockchain technology.
Codebase Ventures Inc. announced significant progress with its Instacoin UK mobile app development, aimed at launching on both iOS and Android. The app will feature 250 NFTs at launch and will no longer rely on social logins to enhance user privacy. Production for the Android version is underway, set to release in late December, and the app will support up to six languages. The company engaged Dig Media Inc. for a $27,000 CAD advertising campaign and has canceled 9,550,000 stock options, optimizing shareholder value.
Codebase Ventures Inc. (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) has reported generating 2.9 BTC from its mining operations, resulting in revenue of $142,210 CAD against operating costs of $68,306 CAD. The currently held BTC is valued at $238,288 CAD.
Since starting its operations, Bitcoin's price has risen from approximately $33,500 USD in July to about $66,700 USD now. The Company remains optimistic about Bitcoin's future and is actively seeking further investments in this area.
Codebase Ventures Inc. (CSE:CODE) announced that its bit mining infrastructure continues to produce Bitcoin. The Company is actively seeking further investments in bit mining, emphasizing scalability and green energy solutions. With the recent approval of the first U.S. Bitcoin Futures ETF, regulatory acceptance of Bitcoin trading has improved, indicating wider industry acceptance. Codebase remains confident in the long-term potential of Bitcoin and blockchain technology amidst evolving market conditions.
Codebase Ventures Inc. (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) has completed a non-brokered private placement, raising $134,400 through the sale of 1,280,000 Units. The total financing reached 7,355,000 Units with 272,000 broker warrants issued. Each unit consists of one common share and a warrant priced at $0.15 for two years. The funds will support working capital and future investments. Additionally, Harrison Ross, CFA, joins the board, while Baker Tilly WM LLP resigns as auditors, replaced by Antares Professional Corporation.
Codebase Ventures Inc. (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) has completed the first closing of a $2,000,000 non-brokered private placement, raising $637,875 from the sale of 6,075,000 units at $0.105 each. Each unit includes one common share and a warrant priced at $0.15, valid for two years, with acceleration clauses based on share performance. The company will use proceeds for working capital and future investments. A second tranche is anticipated by October 4, 2021.
Codebase Ventures has confirmed the delivery of 115 Antminer S17+ 76Th Bit Mining units to its New York facility, which are now generating revenue. The company has amended its supply agreement to expedite deliveries amid global microchip shortages. Furthermore, Codebase holds the first right of refusal on an additional 5MW capacity for future expansion. Bitcoin's price resurgence and increased institutional interest, including investments from high-profile firms, position Codebase favorably within the mining sector, reflecting confidence in the long-term prospects of blockchain technology.
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